£180,000

Restaurant for sale

  1. Property photo 1 of 1.

£180,000

(£62.25/sq. ft)

Restaurant for sale

Kent CT20

From 5,225 - 5,226 sq. ft

Local area information

Property location

Nearby amenities

  • Christ Church Cep Academy, Folkestone 0.4 miles
  • St Eanswythe's Church of England Primary School 0.4 miles
  • Folkestone Central 0.4 miles
  • Folkestone West 0.9 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Folkestone to find out more about the local area.

Features and description

  • Leasehold assignment and business fr sale
  • Well Established Chinese Restaurant
  • Large Restaurant Circa 5,226 Sq. Ft
  • Ground Floor Circa: Circa 2,791 Sq. Ft & Basement: 2,435 Sq. Ft
  • Retirement Sale
Established Chinese Restaurant for Sale in Kent. Circa 5,226 Sq. Ft

Property id: Rps-20299

proof of funds required: All interested buyers must be able to provide proof of funds before requesting details and viewing.
Main features


Price Reduced for Quick Sale
Well Established Chinese Restaurant
Large Restaurant Circa 5,226 Sq. Ft
Ground Floor Circa: Circa 2,791 Sq. Ft & Basement: 2,435 Sq. Ft
Retirement Sale

landlord’s requirements

3-6 Months Rent Deposit Subject to References
Accountant’s references
Trade references
Personal Guarantor Required
Lease details


Lease: Ending November 2029 (Inside the Act of 1954)
Rent: £35,000 pax
Rent Review: Every 4 years
Next Review: November 2025
Premium: £180,000 (Lease, Business & ff&E)
The premises


Large Restaurant Circa 5,226 Sq. Ft
Ground Floor Circa: Circa 2,791 Sq. Ft & Basement: 2,435 Sq. Ft
Rateable Value: 39,750 (Payable Business Rates: £19,825/annum)
Circa 100 Covers Restaurant
Premises License in Place
Large Frontage with High Visibility
The business


The business is currently operated by 8 Full Time and 3 Part Time with Owners
Gross Turnover: We have been informed that the business generates gross revenue of circa £600,000 per annum.
UberEATS and Just eat in place
Trading Lunch & Dinner and Monday Closed
The location


Kent
Local Parade of Shops
Viewings & confidentiality


All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
Disclaimer


The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.

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  1. Zoopla
  2. Commercial for sale
  3. Kent
  4. Folkestone
  5. Castle Hill Avenue